With its development spree that is growing in leaps and bounds, Noida and Greater Noida are the next haven for the real estate sector. The following article is a perusal of the same with special reference to a particular project.
The real estate boom of Delhi/NCR continues to grow at a regular pace with great returns almost every year. Even during the real estate ebb, the NCR property market has shown immense resilience and the increasing investments are a proof of the same. With the realty boom in the satellite cities surrounding Delhi like Noida and Gurgaon, the entire area of the National Capital Region is experiencing an explosion. These areas have experienced a huge leap in the infrastructural development in the last two decades that has bolstered the economic growth of the city as a whole.
Noida, a district in Uttar Pradesh, is located a few kilometres away from Delhi has come up really well in the realty souk of north India. From a mere sluggish township, Noida emerged as the next-gen realty destination for builders, investors as well as end-users. The explosion of the realty market has been due to several reasons. One of the biggest driving forces happens to be the economic liberalization and the opening up of the Foreign Direct Investment (FDI) by the Indian government. Gradually, the country saw the emergence of the Information Technology (IT) that was all set to redefine Indian economy for generations to come.
Considering the fast paced infrastructural development that is coming up all along Noida and Greater Noida Expressway, has coerced builders and investors to capitalize in real estate assets in these areas.
Going by the trends, it can be said that the investments returns pertaining to the same are bountiful. The six-lane Noida-Greater Noida Expressway that connects the 165 kilometers Yamuna Expressway looks forward to put the twin cities into the hotspots of the Indian realty market. The presence of Special Economic Zones (SEZs), hotels, residential and commercial complexes across the twin cities offer tremendous scope for growth in the real estate sectors.
There are 40 sectors along the expressway that has been divided into four zones under the Noida Master Plan 2021. It has been so planned only in order to ensure proper development and accommodate the multiplying populace. Already a hotspot for the realty market, the area across Greater Noida is lined up with some of the best residential projects
Sectors like 125, 143, 168 all have become major destination for real estate investments. Development is at a full swing in the real estate sector. These sectors, hitherto lying as simple vast acres of land, has now become hotspots for the real estate market.
Let us look at one of the world class commercial projects that are coming up across the area.
The project is titled as mist avenue sector 143 noida and it is being developed by the Bhasin group. The Mist Avenue is considered to be the top-notch commercial project that is coming across the Noida expressway. It is a state-of-the-art commercial asset that will encompass the best possible office addresses in Noida Expressway. Another best aspect of the same happens to be the project is that, till now, it is the cheapest commercial dotting the Greater Noida skyline. One of the most-awaited commercial projects in Noida, some of the features of the project are listed below:
Sprawling Green Areas at different floor levels
Independent lockable Scalable Units
Every Office Unit a window and Balcony
Low Maintenance Cost
Extremely affordable prices
Exciting mix of retails and good food chains
Ideal location and easily accessible
Individual air conditioning system
100% power back up
Luxurious club and lounge
With such facilities, Mist Avenue is one of the most promising commercial projects that are coming up in and around Greater Noida